Answer:
15250
Explanation:
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Answer:
Dr Allowances for sales returns $600
Cr Sales refund payable $600
Being increase sales refund estimate
Explanation:
The sales refund account is liability account that should naturally have a credit balance.
In the current period the balance in the sales refund payable account should be $900 in total,but there is a balancing credit amount already in the account,intuitively, the amount needed to raise the balance in the account to $900 is $600.
The necessary entries required for the sales refund payable is shown below:
Dr Allowances for sales returns $600
Cr Sales refund payable $600
Being increase sales refund estimate
There is no adjusting entry to accounts receivable as that deals with receipt of cash from sales transactions and not the actual sales transactions.
When the refund is eventually settled with cash, a debit is posted to sales refund payable and a credit to cash account
Answer:
High
Low
Explanation:
When a company borrows funds it has opportunity to avail tax shield on the interest amount of the borrowing fund. If the company borrows more fund then the discounted value of tax shield will increase while the financial distress cost will decrease.
Answer:
Option (D) is correct.
Explanation:
Value of Yahoo:
= Shares × Price
= 110 shares × $20
= $2,200
Value of General Motors(GM):
= Shares × Price
= 210 shares × $20
= $4,200
Value of Standard and Poorʹs Index Fund (SPY):
= Shares × Price
= 70 shares × $130
= $9,100
Total value = Value of Yahoo + Value of GM + Value of SPY
= $2,200 + $4,200 + $9,100
= $15,500
Therefore,
Portfolio weight of YHOO:
= Value of YAHOO ÷ Total value
= $2,200 ÷ $15,500
= 0.1419 or 14.19%
Portfolio weight of GM:
= Value of GM ÷ Total value
= $4,200 ÷ $15,500
= 0.2709 or 27.09%
Therefore, the portfolio weight of YHOO and GM are 14.2% (approx) and 27.1% (approx), respectively.
Answer:
$66,000
$304,000
Explanation:
The computation is shown below:
Total implicit cost is
= Job left cost + forgone the return on investment
= $60,000 + $100,000 × 6%
= $60,000 + $6,000
= $66,000
And, the total cost is
= explicit cost + implicit cost
= $50,000 + $180,000 + $8,000 + $66,000
= $304,000
We simply applied the above formulas so that the correct values could come
